B - 61 Eby Street S Kitchener, Ontario N2G 3K9
$429,900
[ HIGHEST CAP RATE IN TOWN at 7%+ | FULLY VACANT | PRIME DOWNTOWN INVESTMENT ] Rare opportunity to acquire a fully vacant, non-conforming duplex townhouse offering the highest potential cap rate in town (7%+) and unmatched flexibility for investors or owner-occupiers. With both units vacant, you can immediately set market rents, house-hack, accommodate multigenerational living, or explore alternative uses - no tenant constraints. The upper unit features updated flooring and a clean, neutral palette. A bright living room flows into the dining area, creating a comfortable and functional living space. The kitchen offers white cabinetry, ample storage, and outdoor views. Builtin hallway cabinets and additional storage add everyday convenience. Upstairs are three well-sized bedrooms, a 4-piece bath, and access to a private balcony. The lower unit has a separate entrance, enhancing privacy and rental appeal. It includes a kitchen, family room, spacious bedroom, 4-piece bath, and additional storage - ideal for a secondary rental unit, in-law suite, or extended family use. At market rents, the property can easily generate $3,500+/month in combined income, delivering strong cash flow. The investment performance speaks for itself, with a net profit exceeding $31,000 in 2025, making this a true turn-key, high-yield asset. Located in the heart of Downtown Kitchener, steps to ION LRT, Kitchener Market, Victoria Park, schools, shopping, and dining - ensuring long-term demand and rent stability. Vacant. High-yield. Flexible. A standout opportunity for savvy investors looking to maximize returns from day one. Book your private showing today. (id:61852)
Open House
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2:00 pm
Ends at:4:00 pm
Property Details
| MLS® Number | X13006288 |
| Property Type | Single Family |
| AmenitiesNearBy | Place Of Worship, Park, Schools |
| ParkingSpaceTotal | 1 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 4 |
| Age | 100+ Years |
| Appliances | Water Heater, Hood Fan, Stove, Window Coverings, Refrigerator |
| BasementDevelopment | Finished |
| BasementFeatures | Walk Out |
| BasementType | Full (finished) |
| ConstructionStyleAttachment | Attached |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Unknown |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 700 - 1100 Sqft |
| Type | Row / Townhouse |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Place Of Worship, Park, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 70 Ft ,6 In |
| SizeFrontage | 20 Ft ,8 In |
| SizeIrregular | 20.7 X 70.5 Ft |
| SizeTotalText | 20.7 X 70.5 Ft|under 1/2 Acre |
| ZoningDescription | R2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 2 | 3.33 m | 2.46 m | 3.33 m x 2.46 m |
| Second Level | Bedroom 3 | 2.61 m | 3.4 m | 2.61 m x 3.4 m |
| Second Level | Primary Bedroom | 3.58 m | 2.72 m | 3.58 m x 2.72 m |
| Basement | Bedroom 4 | 2.37 m | 3.27 m | 2.37 m x 3.27 m |
| Basement | Family Room | 2.39 m | 3.05 m | 2.39 m x 3.05 m |
| Basement | Kitchen | 3.48 m | 3.09 m | 3.48 m x 3.09 m |
| Basement | Utility Room | 1.77 m | 2.05 m | 1.77 m x 2.05 m |
| Main Level | Dining Room | 3.34 m | 3.35 m | 3.34 m x 3.35 m |
| Main Level | Kitchen | 2.55 m | 2.46 m | 2.55 m x 2.46 m |
| Main Level | Living Room | 3.73 m | 3.25 m | 3.73 m x 3.25 m |
Utilities
| Cable | Available |
| Electricity | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/29613701/b-61-eby-street-s-kitchener
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Jay Chan
Salesperson
885 Plymouth Dr #2
Mississauga, Ontario L5V 0B5
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April 16 2026 04:17:11
Toronto Real Estate Board
Cityscape Real Estate Ltd.